Inseego (NASDAQ:INSG) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its holdings in Inseego (NASDAQ:INSG) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,086 shares of the technology company’s stock after selling 3,869 shares during the quarter. Stratos Wealth Partners LTD. owned 0.21% of Inseego worth $254,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in INSG. BNP Paribas Financial Markets increased its position in shares of Inseego by 258.1% during the 4th quarter. BNP Paribas Financial Markets now owns 4,924 shares of the technology company’s stock valued at $51,000 after purchasing an additional 3,549 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Inseego by 2,862.7% during the 4th quarter. Lazard Asset Management LLC now owns 5,244 shares of the technology company’s stock worth $53,000 after acquiring an additional 5,067 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Inseego during the 4th quarter worth $60,000. Wells Fargo & Company MN boosted its stake in shares of Inseego by 655.1% during the 4th quarter. Wells Fargo & Company MN now owns 8,080 shares of the technology company’s stock worth $83,000 after acquiring an additional 7,010 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Inseego during the 4th quarter worth $111,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reduced their price objective on Inseego from $11.00 to $8.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Wall Street Zen downgraded Inseego from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Inseego presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Inseego Trading Down 0.7%

Shares of INSG stock opened at $7.47 on Thursday. Inseego has a 1-year low of $6.24 and a 1-year high of $20.67. The company has a market capitalization of $112.12 million, a price-to-earnings ratio of -21.97, a P/E/G ratio of 2.28 and a beta of 1.15. The stock’s fifty day simple moving average is $7.93 and its 200-day simple moving average is $9.26.

Inseego Company Profile

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.